flipping real estate Archives - Real Estate Tax Tips

Real Estate Wholesaling Makes A 6 Figure Income

Real Estate Wholesaling Makes A 6 Figure Income

Real estate wholesaling properties is not easy. When my clients Don Lewis & Rick Lewis told me that they were giving up focusing on being general contractors for others to develop their real estate wholesaling business, I wasn’t sure if...

January 13, 2022

8 Ways to Increase Cash Flow from Real Estate Portfolio

Life Lessons Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Small business and real estate

8 Ways to Increase Cash Flow from Real Estate Portfolio

I work exclusively with real estate investors and real estate agents. We all believe that real estate investing is a long-term investment vehicle. Most of us start by refinancing our own home, pull out some equity (borrow against our house),...

September 25, 2019

The HST Risk Hiding in Converting Commercial to Residential Units

HST rebate Other tax issues Real estate corporations Real estate investment Real estate rant Realtors/real estate agents

The HST Risk Hiding in Converting Commercial to Residential Units

Do you feel a bit chilly these days? It’s last week of August and we’re already at the low twenties. Robin, my older kid, is counting down her days to start her Senior Kindergarten year. I hope she would still...

August 30, 2019

How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

HST rebate Principal residence Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Repairs and maintenance Small business and real estate

How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

We’re up north with the kids this week. My best friend, Monica, shared with me how great her experience with the YMCA Pine Crest family camp was, Erwin & I decided to sign up. We barely made the cut, as...

August 1, 2019

4 Shocking Tax Mistakes Killing Your Real Estate Investments

HST rebate Life Lessons Other tax issues Principal residence Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Should I incorporate?Small business and real estate

4 Shocking Tax Mistakes Killing Your Real Estate Investments

Rich Dad Poor Dad is the legendary book that got both Erwin and me started in the journey of real estate investing. So, when my mother-in-law attended a Rich Dad Poor Dad workshop in Hong Kong recently, I was surprised. ...

June 13, 2019

5 Factors to Decide your Real Estate Investment Strategy

Real estate corporations Real estate investment Real estate rant Realtors/real estate agents Small business and real estate

5 Factors to Decide your Real Estate Investment Strategy

Happy belated Mother’s Day to all the mommies out there. We’re Chinese. We celebrated with dim sum brunch with all the Moms from my side of the family, followed by a feast at my aunt’s place. It was a lot...

May 16, 2019

Here’s How to Keep More Money Even When Flips Went Wrong

Real estate investment Realtors/real estate agents

Here’s How to Keep More Money Even When Flips Went Wrong

My kids and I have a night time routine before they go to sleep. As part of the routine, I ask them what they are thankful for every night before I put them down to sleep, hoping that this little...

August 2, 2018

6 Tax Tips That Flippers or Renovators Should Not Miss

Capital cost allowance HST rebate Principal residence Repairs and maintenance Small business and real estate

6 Tax Tips That Flippers or Renovators Should Not Miss

With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it’s almost inevitable that we’ll have housing shortages and crazy rental increases. It’s basic economic principal – supply and demand. High...

February 16, 2018

The CRA’s Recent Court Order on Real Estate Flipping

Real estate investment

The CRA’s Recent Court Order on Real Estate Flipping

How did you spend your Thanksgiving this past weekend? We spent the Saturday with a bunch of Superheroes delivering food baskets to 300 families at the Hamilton Basket Brigade . Delivering to 300 families was no easy job. Normally, Erwin...

October 13, 2017

What Everybody Ought to Know about Property Flipping Taxation

Other tax issues Real estate rant

What Everybody Ought to Know about Property Flipping Taxation

Home flipping has become a very attractive business opportunity for a lot of real estate investors. However, those new to property flipping might end up confused with the different tax regulations and laws they need to follow and could even be...

January 28, 2016

Tag: flipping real estate